PC-Ware Information Technologies AG
PC-WARE Info. Technolog. english
PC-Ware establishes joint subsidiary with Swiss IT group BISON Holding AG
Ad-hoc-announcement processed and transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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PC-Ware establishes joint subsidiary with Swiss IT group BISON Holding AG
(Leipzig, 14th February 2002) PC-Ware Information Technologies AG, Leipzig, and
the Swiss-based group BISON Holding AG, Sempach (Switzerland), have signed a
Memorandum of Intent with regard to the establishment of a joint subsidiary by
the name of BISON Systems AG, Sursee (Switzerland). The agreement is to become
effective on April 1st. BISON Systems will benefit from the contribution of the
successful systems-specialist and sales activities of BISON Schweiz AG, which
is part of BISON Holding. In 2001, BISON’s systems-specialist and sales
activities (until now part of the “BISON Systems” business unit) generated
roughly Eur 48 million in revenues within the area of systems and networks,
with an EBITDA figure of approx. Eur 2.6 million.
PC-Ware holds a 70 per cent stake and is therefore the majority shareholder of
the new jointly-owned IT service provider. The remaining 30 per cent of shares
are held by BISON Holding AG, one of the five largest IT service companies in
Switzerland. The companies involved in the transaction gave no details
regarding the purchase price – which is partly performance-oriented – for the
operations taken over from BISON Schweiz AG.
The acquisition will allow PC-Ware to further enhance its high-margin
operations within the area of Systems and Service. In addition to its
traditional activities (Systems House and licensing of third-party standard
software), the PC-Ware Group and newly established BISON Systems AG also intend
to distribute proprietary Business Software products of BISON Schweiz AG and
market complementary services.
PC-Ware Informations Technologies AG
WKN: 691 090; ISIN: DE0006910904
For further information, please contact:
PC-Ware AG
Dr. Jutta Horezky
CFO
Tel: 0341 25 68-000
E-mail: jutta.horezky@pc-ware.de
This Ad hoc-release contains forward-looking statements that involve risks and
uncertainties. The forward-looking statements contained herein represent the
judgement of PC-Ware AG as of the date of this release. These forward-looking
statements are no guarantees for future performance, and the forward-looking
events discussed in this press release may not occur. PC-Ware disclaims any
intent or obligation to update any of these forward-looking statements.
end of ad-hoc-announcement (c)DGAP 14.02.2002
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WKN: 691090; ISIN: DE0006910904; Index:
Listed: Neuer Markt Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf,
Hamburg, München, Hannover und Stuttgart
140822 Feb 02
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